LIFE PREP (EIN 411900808) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

KAYTE REGAN

Phone

6517936624

Tax Period

2024-07-01 to 2025-06-30

LIFE PREP, founded in 1998, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.8M left a modest 9% surplus.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,962,579

Program Service Revenue $0

Investment Income $0

Other Revenue $73,065

TOTAL REVENUE $3,035,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,337,418

Fundraising Expenses $0

Program Expenses $2,480,579

Other Expenses $1,418,780

TOTAL EXPENSES $2,756,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,035,644	$3,032,971	+0.0%
Expenses	$2,756,198	$2,888,485	0.0%
Net Income	$279,446	$144,486	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$108,218

Total Directors

$178,624

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAYTE REGAN	BOARD CHAIR	5.00	Director	$0	$0	$0
BETH LARSON	VICE CHAIR	40.00	Director	$48,329	$0	$48,329
CHRISTINE OBERMUELLER	SECRETARY	40.00	Director	$68,588	$0	$68,588
BRITTANY HUGHS	TEACHER MEMBER	5.00	Director	$0	$0	$0
MADISON THEUSCH	TEACHER MEMBER	40.00	Director	$61,707	$0	$61,707
KATIE GOGO	MEMBER	5.00	Director	$0	$0	$0
GILLIAN SWABY	MEMBER	5.00	Director	$0	$0	$0
DARLA BENJAMIN	MEMBER	40.00	Officer	$108,218	$0	$108,218

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$3,035,644	$2,756,198	$2,393,875	$279,446
2024	$3,032,971	$2,888,485	$2,888,225	$144,486
2023	$3,530,724	$3,263,226	$3,734,476	$267,498
2022	$4,522,530	$4,462,193	$2,297,160	$60,337
2021	$3,964,198	$3,942,877	$2,456,359	$21,321
2020	$5,078,321	$5,177,233	$2,994,685	$-98,912
2019	$4,901,769	$3,861,557	$3,608,958	$1,040,212
2018	$4,844,237	$5,190,336	$4,312,703	$-346,099

LIFE PREP